Nykredit A S Makes New Investment in Jack Henry & Associates, Inc. $JKHY

Nykredit A S purchased a new position in shares of Jack Henry & Associates, Inc. (NASDAQ:JKHY) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 4,286 shares of the technology company’s stock, valued at approximately $590,000.

Several other institutional investors and hedge funds have also recently modified their holdings of JKHY. Pacifica Partners Inc. purchased a new stake in shares of Jack Henry & Associates in the second quarter valued at about $2,646,000. Keeler Thomas Management LLC raised its stake in Jack Henry & Associates by 7.0% during the second quarter. Keeler Thomas Management LLC now owns 5,988 shares of the technology company’s stock worth $825,000 after purchasing an additional 390 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Jack Henry & Associates by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,432 shares of the technology company’s stock valued at $1,161,000 after purchasing an additional 197 shares during the last quarter. New Mexico Educational Retirement Board boosted its holdings in Jack Henry & Associates by 9.0% in the 2nd quarter. New Mexico Educational Retirement Board now owns 3,650 shares of the technology company’s stock valued at $503,000 after purchasing an additional 300 shares during the last quarter. Finally, Mufg Securities Americas Inc. grew its stake in shares of Jack Henry & Associates by 7.2% in the 2nd quarter. Mufg Securities Americas Inc. now owns 2,140 shares of the technology company’s stock valued at $295,000 after buying an additional 143 shares during the period. Institutional investors and hedge funds own 98.75% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on JKHY shares. The Goldman Sachs Group lifted their price target on shares of Jack Henry & Associates from $158.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, August 20th. Stephens reiterated an “overweight” rating and issued a $200.00 price objective on shares of Jack Henry & Associates in a research report on Tuesday, August 11th. Oppenheimer increased their price objective on Jack Henry & Associates from $208.00 to $209.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Royal Bank Of Canada raised their target price on Jack Henry & Associates from $173.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, August 20th. Finally, Weiss Ratings upgraded Jack Henry & Associates from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Jack Henry & Associates presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.40.

Jack Henry & Associates Price Performance

Shares of NASDAQ JKHY opened at $165.64 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $155.97 and its two-hundred day moving average is $151.17. Jack Henry & Associates, Inc. has a 52-week low of $121.04 and a 52-week high of $193.39. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.87 and a beta of 0.56.

Jack Henry & Associates (NASDAQ:JKHY) last released its quarterly earnings results on Tuesday, August 18th. The technology company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.44 by $0.13. Jack Henry & Associates had a return on equity of 23.49% and a net margin of 19.76%.The business had revenue of $633.10 million during the quarter, compared to analyst estimates of $631.60 million. During the same period last year, the business posted $1.75 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. Jack Henry & Associates has set its FY 2027 guidance at 7.330-7.380 EPS. Research analysts predict that Jack Henry & Associates, Inc. will post 7.37 EPS for the current year.

Jack Henry & Associates Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Monday, September 7th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.44 annualized dividend and a yield of 1.5%. Jack Henry & Associates’s dividend payout ratio is presently 35.01%.

Jack Henry & Associates Profile

Jack Henry & Associates, Inc is a leading provider of technology solutions and payment processing services for the financial services industry. Founded in 1976 and headquartered in Monett, Missouri, the company develops and supports a comprehensive suite of software and services designed to help banks, credit unions and other financial institutions streamline operations, improve customer engagement and manage risk.

The company’s core processing platforms deliver end-to-end account processing, general ledger, deposit operations and loan servicing functionality.